Swiggy’s Instamart hits contribution breakeven as Q1 revenue rises 37%
Swiggy reported Q1FY27 revenue of ₹6,812 crore, while Instamart reached contribution breakeven and more than 45% of its dark stores turned contribution-positive. The company plans nearly 75 additional Instamart stores in existing cities in Q2, though investors remain focused on elevated consolidated losses and slowing food-delivery growth.
Swiggy reported 37% revenue growth and narrower annual losses, while Instamart reached contribution breakeven and plans nearly 75 additional stores in existing cities. Broker views diverged over quick-commerce scale, margins, elevated losses and slowing food-delivery growth.
Why this matters
The result extends Swiggy's recent pattern: it narrowed its Q1 loss 34% while Instamart hit contribution-margin breakeven, but shares fell more than 5% after broker targets diverged between ₹230 and ₹430.
retail-company is accelerating, up 256920% QoQ.